Bitcoin

<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/bitcoin-halving-countdown-begins-heres-what-to-expect-from-the-2024-btc-halving/">Bitcoin Halving Countdown Begins: Here’s What To Expect From The 2024 BTC Halving!</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The crypto market continues gaining stability as Bitcoin price constantly gains momentum. BTC price has displayed massive fluctuations since Monday as the star crypto has added over 5.5% in its value within a week and has started gaining momentum.</p> 
<p>At the time of writing, the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin price</a> was trading at $28,676.58. The BTC coin is approximately 180 days away from the next halving. Investors eagerly await the prolonged bull run to ignite as the upcoming halving is predicted to set a new ATH for the BTC price, with the price crossing the $100,000 mark for the first time. Post-halving, the size will reduce to 6.25 per block.</p> 
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  Source: <a href="https://www.tradingview.com/chart/BLX/WLcvv7jx-Bitcoin-Halving-Cycles/">TradingView BTC/USDT</a>
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<p>The Bitcoin price is said to be currently trading in an accumulation phase. It is expected to gain significant traction by next year after halving, following which the coin is calculated to go as high as around $140K.</p> 
<p>If the BTC coin manages to achieve the predicted price, this will result in a growth of a massive 388% increase in its value, with a difference growth of over $111,343 within the next two years.</p> 
<p>The market is expected to record increased price volatility in the coming time as the halving date approaches. Further, due to the pending Bitcoin spot ETF approval by the SEC, the price may experience a correction in the short-term perspective, but a breakout is imminent.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-bitcoin-price-prediction-by-cryptocon">Bitcoin Price Prediction By CryptoCon:</h2> 
<p>CrytpoCon, a well-known Bitcoin technical analyst with a substantial following of 55.9K+ on the “X” platform, has been testing the cycle top experiments lately for the Bitcoin price, of which the result was said to be the same. The analyst claims that the BTC coin is expected to reach a top of over $130K by the end of December 2025 as its new ATH.</p> 
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   <p lang="en" dir="ltr">I've been doing a lot of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> cycle top experiments lately, and I keep seeing right around the same price… 130k.<br><br>Here again, we see a price of 138k.<br><br>These trends start at the bottom from the first early top (yellow dot)<br><br>The trend is then drawn across diagonal support… <a href="https://t.co/Flv61XYhE0">pic.twitter.com/Flv61XYhE0</a></p>— CryptoCon (@CryptoCon_) <a href="https://twitter.com/CryptoCon_/status/1714269018465415240?ref_src=twsrc%5Etfw">October 17, 2023</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p>The price is expected to record its top at +/- 21 days from Nov 28th, 2025, according to the analyst’s halving cycles Theory, most likely in December, according to his BitTime model quotes the analyst. Further, he feels that the price is bound to mark its price above $130K as all possibilities show a similar outcome.</p> 
<h2 class="wp-block-heading" id="short-term-prediction-of-btc-price">Short-Term Prediction Of BTC Price:</h2> 
<p>The BTC price was seen trading close to its important support level of $26,848.44 on 15th October, after which the price experienced a pump-and-dump as it quickly jumped to $29,990.67 and then plunged to $28,058.70 due to a hoax news in the market.</p> 
<p>The price is currently hovering close to its support level of $28,466.41. If the bulls gain power, the price will continue to rise and test its resistance level of $28,800 soon.</p> 
<p>Further, if the BTC continues to gain momentum, the price will make a run and test its upper resistance of $29,600 in the coming days.</p> 
<p>On the contrary, if the bears come into power and pull the price below its support level, the star crypto will lose momentum and continue to fall and test its lower support level of $28,129.37 this week.</p>

Bitcoin Halving Countdown Begins: Here’s What To Expect From The 2024 BTC Halving!

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